Always trade the market structure first before the indicators. So if it goes into the tight range then I slow down and stop trading until it breaks the structure. But generally for me I don't have many losing days trading this. The ES has a lot of ranging to a short trend to ranging again every day. Just part of the P/A moves anymore. I find the ES easier to trade than the MES just because there is more volume at any given price point. But that is just me.
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I traded the first 3 hrs only, after which I went to bed as it was well past midnight.
Also going to change over to the 1500 tick chart instead of the M1 chart for today to see if it makes any difference. Chart is exactly the same as in the vid you suggested.
Verde post a chart, the whole chart so I can see everything with your real entries and exits. then we can go over it. Have a great day.
1 win of 8 ticks followed by 4 losses totaling 24 ticks, stop taken out even tho direction was ok. After that, I left it.
Followed the system rules to the letter. Net loss of 16 ticks.
The system shud work on anything that isn't so choppy. There is no trend at all even on a 1500 tick chart.
The Nasdaq 100 was no better, result wud have been the same had I traded it.
These are my charts from Friday morning. This is what I will be trading all this week. these two chart are on the MES and the one is a 700 tick chart with at CCI at 10 and the Sto-Rsi at 14. The second chart is a 275 tick chart with the CCI at 20 and the Sto-Rsi at 20. If I was trading the ES the tick charts would be 1500 and 610 with the same indicator settings.
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- Edited 7:45am Mar 20, 2024 5:45am | Edited 7:45am
{quote} Hey Verde, do not get discouraged. I would not set my stop at 6 ticks. The ES and MS are to choppy and you will get stopped out of a good trade. Just try the last High or last low as a stop. lately that has been harder for me, it seems every time I get in it right away goes 8 or more ticks against me. If the market is in a trend then take the signal in the direction of the trend. But if the trend is changing, maybe wait for the second signal on the short term chart in the direction of the new trend. If it doesn't give you one then don't...
4 continuous days of losing did upset me, so yesterday I tried my hand at trading pure price, only lower highs and support/resistance. The first 2 trades were bad with a loss of about $300 but then I managed to cover it and ended up with some $600 in sim profits.
It was a trend day so everyone must have made money, lets see how it goes an a grinding day.
I'm using larger stops as you suggested and buying on dips although it takes some getting used to. I'm going to trade the same way today and hopefully the result will be the same.
the hour before the market opens and the next 2 hrs seem to be the best time to trade with plenty of movement.
{quote} Hi Pastor, 4 continuous days of losing did upset me, so yesterday I tried my hand at trading pure price, only lower highs and support/resistance. The first 2 trades were bad with a loss of about $300 but then I managed to cover it and ended up with some $600 in sim profits.
How did today go Verde?
{quote} How did today go Verde?
Net profit of $137
I was away from the computer during the 2 best moves of the day.
The first one was a sitting duck......a bounce off support
Traded for only 3 hrs, the first premarket hour and 2 hours after. Looks like I missed some major moves but was feeling sleepy and went to bed. Looks like it was a money printing day.
How did you fare?
That sounds good Verde. I have special needs son. He has been keeping my busy this week. So I have not been in front of my screens a lot. I miss the first hour or so of trading and then have to leave with a couple of hours to go. So today I traded the ES a little but it was not moving when I was home. It was just stuck at resistance most of the time. Then slowly pulled back from that. But really price just seem really choppy. So I did trade the MNQ a little also. Might start trading that more. MNQ actually had more volume today than the ES. But if I spend a little time and get used to how the MNQ and NQ move it should be alright. I just left my charts the same. So this is a MNQ chart with a few trades on it.
I have been in and out all week with appointments for my Son. So today I have just traded the MNQ. Small 5 point trades. So today 40 points so far. Which is not that big of a deal with the small tick size of the MNQ. I am just getting used to the MNQ. So only trading 2 Micro lots. But happy with the process so far. 
